2026-05-14T21:24:21+00:00 2025-06-30 135565207 KPMG LLP Two Manhattan West 375 9th Avenue New York NY 10001 990 2024-07-01 131740468 Manhattan University MANH 7188627349 4513 MANHATTAN COLLEGE PARKWAY RIVERDALE NY 104714098 DR FREDERICK BONATO PRESIDENT 2026-05-15 true true Toby Kerslake P01875806 2127589700 2026-05-15 2024 2025-03-06 01:10:19Z X DR FREDERICK BONATO 4513 MANHATTAN COLLEGE PARKWAY RIVERDALE NY 104714098 219970447 false X http://www.manhattan.edu/ X 1863 NY MANHATTAN UNIVERSITY IS AN INDEPENDENT CATHOLIC INSTITUTION OF HIGHER LEARNING THAT EMBRACES QUALIFIED MEN AND WOMEN OF ALL FAITHS, CULTURES, AND TRADITIONS. SEE SCHEDULE O. 23 22 1747 481 0 19372607 21132270 178326859 175898918 5177041 5787777 3241709 7319362 206118216 210138327 82611572 80604530 0 0 83346724 70177657 0 0 5365089 61480072 62229355 227438368 213011542 -21320152 -2873215 424565669 428441320 117176820 110518612 307388849 317922708 MANHATTAN UNIVERSITY IS AN INDEPENDENT CATHOLIC INSTITUION OF HIGHER LEARNING THAT EMBRACES QUALIFIED MEN AND WOMEN OF ALL FAITHS, CULTURES, AND TRADITIONS. THE MISSION OF MANHATTAN UNIVERSITY IS TO PROVIDE A CONTEMPORARY, PERSON-CENTERED EDUCATIONAL EXPERIENCE THAT PREPARES GRADUATES FOR LIVES OF PERSONAL DEVELOPMENT, PROFESSIONAL SUCCESS, CIVIC ENGAGEMENT AND SERVICE TO THEIR FELLOW HUMAN BEINGS. THE UNIVERSITY PURSUES THIS MISSION THROUGH PROGRAMS THAT INTEGRATE A BROAD LIBERAL EDUCATION WITH CONCENTRATION IN SPECIFIC DISCIPLINES IN THE ARTS AND SCIENCES OR WITH PROFESSIONAL PREPARATION IN BUSINESS, EDUCATION AND ENGINEERING. false false 171435753 77956815 155943119 MANHATTAN UNIVERSITY IS AN INDEPENDENT CATHOLIC INSTITUTION OF HIGHER LEARNING THAT OFFERS THE VARIETY OF ACADEMIC PROGRAMMING FOUND AT A LARGE UNIVERSITY, BUT WITH THE PERSONALIZED LEARNING EXPERIENCE OF A SMALL, LIBERAL ARTS SCHOOL. THE UNIVERSITY'S THREE DISTINCT SCHOOLS, THE KAKOS SCHOOL OF ARTS AND SCIENCE, THE SCHOOL OF ENGINEERING, AND THE O'MALLEY SCHOOL OF BUSINESS, OFFER MORE THAN 100 MAJORS, MINORS, GRADUATE PROGRAMS, AND ADVANCED CERTIFICATES, AS WELL AS DEGREES THAT CAN BE EARNED FULLY ONLINE OR COMBINED WITH A TRADITIONAL CLASSROOM EXPERIENCE. WITH A 15:1 STUDENT TO FACULTY RATIO, A CATALOG OF COURSES THAT USES NEW YORK CITY AS A CLASSROOM AND A CURRICULUM BUILT ON A STRONG LIBERAL ARTS FOUNDATION, OUR STUDENTS SECURE INTERNSHIPS AND JOBS AT FORTUNE 500 COMPANIES AND CONDUCT RESEARCH THAT MAKES A REAL IMPACT IN THE WORLD. THE UNIVERSITY EDUCATES APPROXIMATELY 2,838 UNDERGRADUATE AND 542 GRADUATE STUDENTS EACH YEAR. 12513277 2647715 19955799 AUXILIARY SERVICES INCLUDE THE COST OF ROOM AND BOARD FOR APPROXIMATELY 954 FULL TIME UNDERGRADUATE STUDENTS AND 32 GRADUATE STUDENTS LIVING IN TRADITIONAL RESIDENCE HALL, SUITE AND APARTMENT STYLE BUILDINGS ON OUR 22 ACRE CAMPUS. THE UNIVERSITY OFFERS A FOUR YEAR GUARANTEE OF RESIDENT HOUSING. ADDITIONALLY, GRADUATE STUDENTS ARE OFFERED HOUSING IN AN APARTMENT STYLE BUILDING. AUXILIARY SERVICES ALSO INCLUDES CAMPUS SERVICES OFFERED IN SUPPORT OF EDUCATIONAL ACTIVITIES TO STUDENTS, FACULTY AND STAFF SUCH AS THE BOOKSTORE AND CAFETERIA. 183949030 true true false true false false false true false true true false false false true true true false true false false false false false true false false false true true true false false false false false false false false false false true false false false false false false false false false true 5517 0 true 1747 true false false false false false true true false false false false false false X 23 22 false false false false false false false true true false false false true true true true true true true true false false X NARDA ROMERO 7188627349 4513 MANHATTAN COLLEGE PARKWAY RIVERDALE NY 104714098 BR FRANK G BYRNE TRUSTEE, VICE CHAIR 1.0 0.0 X X 0 0 0 DR FREDERICK BONATO INTERIM PRESIDENT (start October 2024) 40.0 0.0 X X 97021 0 13046 DR MILO RIVERSO PRESIDENT (end October 2024) 40.0 0.0 X X 463082 0 313219 STEPHEN SQUERI TRUSTEE, CHAIR 4.0 0.0 X X 0 0 0 THOMAS KUSTER TRUSTEE, VICE CHAIR 4.0 0.0 X X 0 0 0 BR DENNIS LEE TRUSTEE 1.0 0.0 X 0 0 0 BR ROBERT SCHIELER TRUSTEE (start July 2024) 1.0 0.0 X 0 0 0 BR ROBERT SMITH FSC TRUSTEE 1.0 0.0 X 0 0 0 BR THOMAS ZOPPO TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER HUGHES TRUSTEE (start July 2024) 1.0 0.0 X 0 0 0 CHRISTOPHER W SCALA TRUSTEE (start July 2024) 1.0 0.0 X 0 0 0 CYRUS J IZZO TRUSTEE (start July 2024) 1.0 0.0 X 0 0 0 DR MARYBETH MCCALL TRUSTEE 1.0 0.0 X 0 0 0 FREDRIC MARRO TRUSTEE 4.0 0.0 X 0 0 0 JOHN DESMARAIS TRUSTEE 1.0 0.0 X 0 0 0 JOSE MINAYA TRUSTEE 1.0 0.0 X 0 0 0 KENNETH BOUYER TRUSTEE 2.0 0.0 X 0 0 0 LYNN MARTIN TRUSTEE 1.0 0.0 X 0 0 0 MARY ANNE AVELLA TRUSTEE 1.0 0.0 X 0 0 0 MARYANN MILLER TRUSTEE (end November 2024) 1.0 0.0 X 0 0 0 NOREEN KRALL TRUSTEE 1.0 0.0 X 0 0 0 ROBERT COLLETTI TRUSTEE 1.0 0.0 X 0 0 0 THOMAS SCARANGELLO TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM COTE TRUSTEE (start July 2024) 1.0 0.0 X 0 0 0 WILLIAM N DOOLEY TRUSTEE 1.0 0.0 X 0 0 0 BR AUGUSTINE NICOLETTI VICE PRESIDENT OF MISSION (Start August 2024) 40.0 0.0 X 40000 0 6519 CRAIG COLLINS VICE PRESIDENT FOR FACILITIES 40.0 0.0 X 225667 0 66235 DR STEPHEN J PUGLIESE INTERIM VICE PRESIDENT ENROLLMENT MANAGEMENT (start July 2024) 40.0 0.0 X 141018 0 22587 JAMES J PERRINO VICE PRESIDENT FINANCE & CFO, TREASURER 40.0 0.0 X 374036 0 61955 JAMES RYAN VICE PRESIDENT AND GENERAL COUNSEL 40.0 0.0 X 359398 0 67118 KAREN VAHEY VICE PRESIDENT ENROLLMENT MANAGEMENT (end Sept 2024) 40.0 0.0 X 206438 0 21357 KRISTELL LOWE VICE PRESIDENT OF STUDENT LIFE (start July 2024) 40.0 0.0 X 130686 0 46624 NARDA A ROMERO CONTROLLER AND ASSISTANT TREASURER (start Jan 2024) 40.0 0.0 X 219821 0 23990 RANI ROY EVP of Business Operations and INTERIM PROVOST (Jan-June 2025) 40.0 0.0 X 348891 0 41258 ROBYN SALVO VICE PRESIDENT FOR HUMAN RESOURCES (start Oct 2024) 40.0 0.0 X 63173 0 9035 THOMAS MAURIELLO VICE PRESIDENT, ASSISTANT TREASURER 40.0 0.0 X 383667 0 198855 IRMA GARCIA DIRECTOR OF ATHLETICS 40.0 0.0 X 231313 0 55199 HANY GUIRGUIS DEAN SCHOOL OF BUSINESS 40.0 0.0 X 270383 0 36283 HEATHER VULIN HEAD COACH, BASKETBALL WOMEN 40.0 0.0 X 218106 0 32453 JOHN GALLAGHER HEAD COACH, MEN'S BASKETBALL 40.0 0.0 X 345867 0 84369 MARCY KELLY DEAN ARTS AND SCIENCES 40.0 0.0 X 257604 0 80434 STEPHEN WHITE ASSISTANT VICE PRESIDENT FOR ADVANCEMENT 40.0 0.0 X 203638 0 24279 BARBARA FABE FORMER VP HUMAN RESOURCES, SECRETARY 0.0 0.0 X 224369 0 45526 DR BRENNAN O'DONNELL PRESIDENT EMERITUS 0.0 0.0 X 899742 0 118659 MATTHEW MCMANNESS FORMER VICE PRESIDENT FINANCE, TREASURER 0.0 0.0 X 103821 0 10434 5807741 0 1379434 162 true true false ARAMARK SERVICES INC 27310 NETWORK PLACE CHICAGO IL 60673 FACILITIES AND FOOD SERVICES 17806216 GOURMET DINING 2400 YORKMONT ROAD CHARLOTTE NC 282174511 FOOD SERVICES 2768068 PAVARINI NORTH EAST CONSTRUCTION CO LLC 1 STAR PT FL 4 STAMFORD CT 069028911 CONSTRUCTION 1760873 SPARK451 INC 865 Merrick Avenue Suite 451 Westbury NY 115906651 ENROLLMENT MARKETING SERVICES 1282569 EDUCATION ADVISORY BOARD PO Box 603519 Charlotte NC 282603519 ENROLLMENT MARKETING SERVICES 691106 23 3961615 3447725 13722930 1387870 21132270 TUITION AND FEES 611310 155098262 155098262 AUXILIARY SERVICES 611310 19955799 19955799 ATHLETIC PROGRAM REVENUE 611310 790384 790384 YOUTH PROGRAMS 611310 49425 49425 STUDENT LOAN INTEREST 522291 5048 5048 0 0 0 0 175898918 5095754 5095754 9 9 9385 9385 4666067 965856 3700211 0 3700211 3700211 9150550 8458536 692014 0 692014 692014 200170 3961615 407728 -207558 -207558 Dining Partner Sign-on Bonus 900099 1300000 1300000 COVID Refund 900099 914889 914889 PARKING PERMITS & FINES 900099 425118 425118 1177317 0 0 1177317 3817324 210138327 175898918 0 13107139 0 0 80604530 80604530 0 0 0 0 4887017 898981 3329009 659027 794040 0 794040 0 48871454 40632810 5787965 2450679 2725126 2392427 159386 173313 3159777 2558197 511693 89887 9740243 7139205 1979691 621347 964412 0 964412 0 270190 0 263711 6479 6000 0 6000 0 0 0 72101 0 72101 0 6174354 3855749 2264721 53884 1032290 230168 516057 286065 2911471 1957536 739081 214854 3108173 1901145 1071651 135377 0 0 0 0 12106559 11166562 717656 222341 2741014 2596920 47338 96756 0 0 0 0 180449 151073 28981 395 3332086 3139885 192201 0 0 0 0 0 12390604 11515882 874722 0 2147102 419547 1649741 77814 FOOD SERVICE 8989801 8792130 100740 96931 MAINTENANCE & SUPPLIES 2442623 1945046 481743 15834 LIBRARY SERVICES & BOOKS 669684 623311 4257 42116 BAD DEBT EXPENSE & OTHER WRITEOFFS 842902 6235 836667 1847540 1421691 303859 121990 213011542 183949030 23697423 5365089 0 0 0 0 15290361 3383563 340726 14472126 22146813 20547021 2380354 1666078 0 0 0 0 0 0 0 346410 552398 445816149 221508231 230392200 224307918 149339775 158753984 2830248 3025141 255195 230217 0 0 1243587 1502874 424565669 428441320 15409140 16678499 0 0 9263162 3760666 87929221 85725343 0 0 0 0 0 0 0 0 4575297 4354104 117176820 110518612 X 123405921 112617704 183982928 205305004 0 0 0 0 0 0 307388849 317922708 424565669 428441320 X -2873215 13418575 -11501 X false true true true true X 31889091 35017652 25492261 19372607 21132270 132903881 0 0 0 0 0 0 0 0 0 0 0 0 31889091 35017652 25492261 19372607 21132270 132903881 2665078 130238803 3192662 3766240 4941971 6473627 9771215 28145715 0 0 0 0 0 0 592864 3641671 570697 1379415 4017494 10202141 171251737 892305405 0.76051 0.78382 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING INCOME, COLUMN A - , COLUMN B - 146475.0, COLUMN C - 166260.0, COLUMN D - 101300.0, COLUMN E - 200170.0, COLUMN F - 614205.0; DESCRIPTION - INCOME FROM GAMING, COLUMN A - , COLUMN B - 500.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 500.0; DESCRIPTION - INSURANCE LOSS REIMBURSEMENT, COLUMN A - , COLUMN B - 3364055.0, COLUMN C - 16482.0, COLUMN D - , COLUMN E - , COLUMN F - 3380537.0; DESCRIPTION - DINING PARTNER SIGN-ON BONUS, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 1300000.0, COLUMN F - 1300000.0; DESCRIPTION - COVID REFUND, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 914889.0, COLUMN F - 914889.0; DESCRIPTION - PARKING PERMITS & FINES, COLUMN A - 261599.0, COLUMN B - , COLUMN C - , COLUMN D - 505893.0, COLUMN E - 425118.0, COLUMN F - 1192610.0; DESCRIPTION - SPONSORSHIPS, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 113736.0, COLUMN E - 333606.0, COLUMN F - 447342.0; DESCRIPTION - OTHER INCOME, COLUMN A - 331265.0, COLUMN B - 130641.0, COLUMN C - 387955.0, COLUMN D - 658486.0, COLUMN E - 843711.0, COLUMN F - 2352058.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false false false false true 8300 8300 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY For the fiscal year ended June 30, 2025, the University incurred professional lobbying fee expenses of $6,000 in connection with government affairs counsel to monitor legislation that would further the University's mission. In addition, the University participated in New York State Student Day of Advocacy in Albany, New York in February 2025. The University incurred $2,300 to fund the costs associated with students' participation in this event. 0 214425 X X X X false 160164930 1846545 18460041 7010003 2036690 171424823 145433460 868294 18539822 4018660 657986 160164930 138691965 1622021 13152691 6579777 1453440 145433460 148203095 18358324 -19424420 3174470 5270564 138691965 119179757 5596784 27258018 3087690 743774 148203095 0.0 1.0 0.0 false false 0 5677732 5677732 0 386027962 176994258 209033704 0 4433907 4273912 159995 0 39221317 38072267 1149050 0 10455231 2167794 8287437 224307918 Federal Income Taxes LIABILITY UNDER PLANNED GIVING AGREEMENTS 836590 ASSET RETIREMENT OBLIGATION 2187000 CAPITAL LEASE LIABILITY 765537 U.S. GOVERNMENT GRANTS REFUNDABLE 564977 4354104 X 144242354 13418575 -80616031 -67197456 211439810 72101 -1373584 -1301483 210138327 133708495 1373584 1373584 132334911 72101 80604530 80676631 213011542 Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY'S ENDOWMENT CONSISTS OF 333 INDIVIDUAL PERMANENT ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, THE INVESTMENT RETURN ON WHICH IS EXPENDABLE PRINCIPALLY TO SUPPORT SCHOLARSHIPS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS. AS OF JUNE 30, 2025 AND 2024, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Student Scholarships - -80604530 Federal Loan Program Changes - -11501 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements FUNDRAISING EXPENSES - -407728 RENTAL EXPENSES - -965856 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING expenses - 407728 Rental expenses - 965856 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT SCHOLARSHIPS - 80604530 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY MANHATTAN UNIVERSITY HAS A LONG-STANDING POLICY OF NONDISCRIMINATION AND RESPECT FOR ALL INDIVIDUALS. THE POLICY IS DISCLOSED ON THE UNIVERSITY'S WEBSITE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY RECEIVED GRANTS FOR STUDENT FINANCIAL ASSISTANCE, RESEARCH & DEVELOPMENT AND OTHER PROGRAMS FROM VARIOUS FEDERAL, NEW YORK STATE AND NEW YORK CITY AGENCIES. De La Salle Dinner 4016910 3895310 121600 8653 218243 50 32870 62910 Jasper Open 144875 66305 78570 10953 70240 3809 0 4161785 3961615 200170 19606 288483 50 32870 66719 407728 -207558 true COLLEGE FUNDED SCHOLARSHIP 2520 75442016 ENDOWED SCHOLARSHIPS 614 3347024 GOVERNMENT GRANT AND PRIVATE GIFT FUNDED SCHOLARSHIPS 125 1815490 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds MANHATTAN UNIVERSITY AWARDS GRANTS-IN-AID TO ACCEPTED STUDENTS WHO DEMONSTRATE FINANCIAL NEED. THESE AWARDS ARE RENEWED ANNUALLY AND ADJUSTED IN LINE WITH CHANGES ON THE STUDENT AID APPLICATIONS. THESE AWARDS ARE GIVEN FOR A MAXIMUM OF FOUR YEARS (EIGHT SEMESTERS). GRANT RECIPIENTS MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS. FULL TIME ENROLLMENT IS NECESSARY TO RECEIVE THE GRANT. ACADEMIC SCHOLARSHIPS ELIGIBILITY IS BASED ON EXCEPTIONAL SAT OR ACT SCORES, SECONDARY SCHOOL GRADE POINT AVERAGE, AND RANK IN CLASS. THE AMOUNT OF THE SCHOLARSHIP IS DETERMINED AT THE TIME OF ADMISSION AND IS OFFERED FOR FOUR YEARS (EIGHT SEMESTERS MAXIMUM) PROVIDED THE STUDENT REMAINS ELIGIBLE. ATHLETIC SCHOLARSHIPS: MANHATTAN UNIVERSITY HAS AVAILABLE A STRICTLY BUDGETED FUND TO OFFER GRANTS-IN-AID TO STUDENTS WHO, BY THE POSSESSION OF CERTAIN ATHLETIC SKILLS CAN ADD TO THE COMMUNITY SPIRIT AND MORALE OF THE CAMPUS. THE UNIVERSITY FIRMLY STATES THAT RECIPIENTS MUST COME TO MANHATTAN AS STUDENTS, WITH THEIR FIRST INTEREST IN STUDIES. THEY MUST MEET THE SAME ENTRANCE REQUIREMENTS AS OTHER STUDENTS AND MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS. MANHATTAN ADHERES TO AND ENDORSES THE PRINCIPLES AND POLICIES OF THE METRO ATLANTIC ATHLETIC CONFERENCE, EASTERN COLLEGE ATHLETIC CONFERENCE, AND THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION. OTHER SCHOLARSHIPS: -GRADUATE SCHOLARSHIPS ARE AWARDED AS PART OF GRANTS, GRADUATE ASSISTANCE OR BY DEPARTMENTS. -HEOP SCHOLARSHIPS ARE AWARDED AS PART OF THE NEW YORK STATE PROGRAM. -ENDOWMENT SCHOLARSHIPS ARE AWARDED BASED UPON THE DONORS' WRITTEN RESTRICTIONS. X true true X X X X X true true false false false false false true false DR MILO RIVERSO PRESIDENT (end October 2024) 449582 0 0 0 13500 0 309570 0 3649 0 776301 0 0 0 COLETTE GEARY FORMER VP ENROLLMENT MANAGEMENT 42367 0 0 0 0 0 0 0 0 0 42367 0 0 0 BARBARA FABE FORMER VP HUMAN RESOURCES, SECRETARY 116215 0 0 0 108154 0 21631 0 23895 0 269895 0 0 0 DR BRENNAN O'DONNELL PRESIDENT EMERITUS 491411 0 0 0 408331 0 66960 0 51699 0 1018401 0 370046 0 MATTHEW MCMANNESS FORMER VICE PRESIDENT FINANCE, TREASURER 99390 0 0 0 4431 0 8691 0 1743 0 114255 0 0 0 THOMAS MAURIELLO VICE PRESIDENT, ASSISTANT TREASURER 330603 0 50000 0 3064 0 35000 0 163855 0 582522 0 0 0 JAMES J PERRINO VICE PRESIDENT FINANCE & CFO, TREASURER 366236 0 0 0 7800 0 29070 0 32885 0 435991 0 0 0 JAMES RYAN VICE PRESIDENT AND GENERAL COUNSEL 359398 0 0 0 0 0 18750 0 48368 0 426516 0 0 0 RANI ROY EVP of Business Operations and INTERIM PROVOST (Jan-June 2025) 348891 0 0 0 0 0 35000 0 6258 0 390149 0 0 0 CRAIG COLLINS VICE PRESIDENT FOR FACILITIES 225667 0 0 0 0 0 15570 0 50665 0 291902 0 0 0 NARDA A ROMERO CONTROLLER AND ASSISTANT TREASURER (start Jan 2024) 218446 0 0 0 1375 0 20625 0 3365 0 243811 0 0 0 KAREN VAHEY VICE PRESIDENT ENROLLMENT MANAGEMENT (end Sept 2024) 205438 0 0 0 1000 0 20188 0 1169 0 227795 0 0 0 KRISTELL LOWE VICE PRESIDENT OF STUDENT LIFE (start July 2024) 125687 0 0 0 4999 0 7523 0 39101 0 177310 0 0 0 DR STEPHEN J PUGLIESE INTERIM VICE PRESIDENT ENROLLMENT MANAGEMENT (start July 2024) 118485 0 0 0 22533 0 14167 0 8420 0 163605 0 0 0 IRMA GARCIA DIRECTOR OF ATHLETICS 207813 0 15167 0 8333 0 22083 0 33116 0 286512 0 0 0 JOHN GALLAGHER HEAD COACH, MEN'S BASKETBALL 336867 0 0 0 9000 0 35000 0 49369 0 430236 0 0 0 MARCY KELLY DEAN ARTS AND SCIENCES 253854 0 0 0 3750 0 25250 0 55184 0 338038 0 0 0 HANY GUIRGUIS DEAN SCHOOL OF BUSINESS 269133 0 0 0 1250 0 22542 0 13741 0 306666 0 0 0 STEPHEN WHITE ASSISTANT VICE PRESIDENT FOR ADVANCEMENT 203638 0 0 0 0 0 21286 0 2993 0 227917 0 0 0 HEATHER VULIN HEAD COACH, BASKETBALL WOMEN 202506 0 5000 0 10600 0 12070 0 20383 0 250559 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments BARBARA FABE, Former VP OF HUMAN RESOURCES AND SECRETARY, RECEIVED A TIAA MATCH GROSS-UP PAID DIRECTLY TO HER AS PART OF HER SEVERANCE PACKAGE. THE TOTAL SEVERANCE PACKAGE, INCLUDING THE GROSS-UP, IS REPORTED IN PART II, COLUMN B(III). Schedule J, Part I, Line 4a Severance or change-of-control payment BARBARA FABE, Former VP OF HUMAN RESOURCES AND SECRETARY, RECEIVED A SERVERANCE PAYMENT of $108,154. This amount, which includes a gross-up component, is reportable on PART II, COLUMN B(III). Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan DR. BRENNAN O'DONNELL PARTICIPATED IN AND RECEIVED A DISTRIBUTION FROM A 457F PLAN AS REPORTED IN PART II, COLUMN B(III) and Column F. Dr. Milo Riverso PARTICIPATED IN A 457F PLAN AND A CURRENT YEAR NONVESTED DEFERRAL IS REPORTED IN PART II, COLUMN (C). Schedule J, Part I, Line 7 Non-fixed payments INDIVIDUALS WITH AMOUNTS REPORTED ON PART II, COLUMN B(II) RECEIVED DISCRETIONARY BONUSES FROM THE UNIVERSITY. A BUILD NYC RESOURCE CORPORATION 454040561 12008EMZ6 2017-06-14 101268446 TO PAY CONSTRUCTION COSTS OF STEM BUILDING, REFUND BONDS ISSUED 8/6/2013 false false false A 11520000 0 101458284 161082 6148159 0 1579417 0 0 33872584 59697042 0 2020 true false true true A false false false false false false 0 0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true A false Schedule K, Part II, Line 3 TOTAL PROCEEDS OF ISSUE THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND THE ISSUE PRICE IS DUE TO INVESTMENT EARNINGS. IN FISCAL YEAR 2025, THE TOTAL AMOUNT OF INVESTMENT EARNINGS FROM TAX-EXEMPT PROCEEDS IS $9 AND IS REPORTED ON FORM 990, PART VIII, LINE 4. Schedule K, Part III, Line 4 Private Business Use computation The Organization is in the process of implementing ongoing tracking procedures to monitor PBU of bond-financed assets. The calculation for the year ending June 30, 2025 has not yet been completed, but management has reviewed the available use data and believes the bond-financed facilities are primarily utilized in furtherance of the organization's exempt purpose and are within the permissible PBU thresholds. Schedule K, Part III, Line 9 Part IV, Line 7 - Bond Policy The organization maintains the General Compliance Guidelines for Tax Exempt Bonds policy to establish a framework for compliance. The organization is currently in the process of updating and expanding these policies to ensure ongoing compliance with remediation and arbitrage regulations. Schedule K, Part IV, Line 2c arbitrage rebate computation While a third-party opinion has not been obtained for the bond issue, management has reviewed the relevant facts and circumstances including that all bond proceeds were fully exhausted prior to the 5th-year anniversary of the bonds and does not believe there are any rebate payments due. The organization is taking steps to memorialize the calculation and to document full compliance with Section 148 of the Internal Revenue Code. Schedule K, Part V Procedures To Undertake Corrective Action The organization maintains the General Compliance Guidelines for Tax Exempt Bonds policy and would consider utilizing the IRS's Voluntary Closing Agreement Program (VCAP) to correct violations of federal tax requirements if self-remediation is not available. The organization is currently working to update its written policies to specifically incorporate procedures regarding the use of VCAP. 17 1387870 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B). Form 990, Part VI, Line 11b Review of form 990 by governing body MANHATTAN UNIVERSITY HAD ITS FORM 990 PREPARED BY THE CONTROLLER AND DEPUTY CONTROLLER WITH THE ASSISTANCE OF AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED A REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. A COMPLETE COPY OF THE 990 RETURN IS GIVEN TO THE VP FOR FINANCE AND CHIEF FINANCIAL OFFICER, GENERAL COUNSEL, AND THE BOARD, FOR REVIEW PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK AND COVERS ALL UNIVERSITY EMPLOYEES. ANNUALLY, THE OFFICE OF HUMAN RESOURCES REQUIRES ALL SENIOR ACADEMIC AND ADMINISTRATIVE STAFF, THOSE IN A POSITION TO INFLUENCE UNIVERSITY DECISIONS, AND MEMBERS OF THE BOARD OF TRUSTEES TO SIGN AND RETURN A COPY OF THE CONFLICT OF INTEREST FORM. COVERED PERSONS HAVING A CONFLICT ARE REQUIRED TO BRING IT TO THE ATTENTION OF THE VICE PRESIDENT FOR FINANCE AND CHIEF FINANCIAL OFFICER AND THE VICE PRESIDENT OF HUMAN RESOURCES. ALL CONFLICT OF INTEREST ISSUES ARE INVESTIGATED BY THE OFFICE OF HUMAN RESOURCES/VICE PRESIDENT OF HUMAN RESOURCES. IF NEEDED THE VICE PRESIDENT OF HUMAN RESOURCES CONFERS WITH THE APPROPRIATE PERSONNEL (I.E., GENERAL COUNSEL, VICE PRESIDENT, BOARD COMMITTEE, PRESIDENT AND/OR CHAIR OF THE BOARD) TO RESOLVE CONFLICTS OF INTEREST. A COVERED PERSON HAVING A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN ANY DECISION MAKING MEETING ON THE SUBJECT, WILL NOT MAKE A DECISION ON THE MATTER, AND CANNOT TRY TO INFLUENCE THE UNIVERSITY'S DECISIONS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE UNIVERSITY HAS A PROCESS TO APPROVE THE PRESIDENT'S EMPLOYMENT AGREEMENT. THE VP OF HUMAN RESOURCES WORKING WITH ATTORNEYS SPECIALIZING IN HIGHER EDUCATION AND BENEFITS/PENSIONS AND A SUBCOMMITTEE OF TRUSTEES FROM THE BOARD'S EXECUTIVE COMMITTEE REVIEW THE PROPOSED CONTRACT AGAINST INDUSTRY DATA COMPILED OF PRESIDENTS' COMPENSATION FROM MANY COLLEGES AND UNIVERSITIES DEEMED TO BE SIMILAR TO MANHATTAN UNIVERSITY, AND THE CUPA (COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION) ADMINISTRATIVE COMPENSATION SURVEY. AFTER REVIEW AND CONSIDERATION OF FACTORS, THE SUB-COMMITTEE PRESENTS THE DATA AND PROPOSED EMPLOYMENT AGREEMENT TERMS TO THE EXECUTIVE COMMITTEE, WHICH IN TURN PRESENTS THE AGREEMENT FOR APPROVAL BY THE BOARD OF TRUSTEES. This process was last conducted in June 2025. Form 990, Part VI, Line 15b Process to establish compensation of other employees SALARIES FOR OFFICERS AND KEY EMPLOYEES ARE REVIEWED ON AN ANNUAL BASIS AND ARE IN LINE WITH SALARY SURVEYS THAT REPORT ON INSTITUTIONS OF HIGHER EDUCATION SALARIES (I.E., CUPA ADMINISTRATIVE COMPENSATION SURVEY). THE SALARIES ARE REVIEWED BY THE VICE PRESIDENT OF HUMAN RESOURCES AND THE PRESIDENT OF THE UNIVERSITY. THE VICE PRESIDENT OF HUMAN RESOURCES ALSO WORKS WITH THE VICE PRESIDENT OF FINANCE AND CHIEF FINANCIAL OFFICER. RECORDS ARE MAINTAINED BY MANHATTAN UNIVERSITY DOCUMENTING THE COMPENSATION REVIEW PROCESS. This process was last conducted in June 2025. Form 990, Part VI, Line 19 Required documents available to the public THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue SPONSORSHIP - Total Revenue: 333606, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 333606; ALL OTHER REVENUE - Total Revenue: 843711, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 843711; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Federal Loan Program Changes - -11501; Total - -11501;